Balanced Payments (YC W11) Raises $1.4M To Provide A Platform For P2P Markets
techcrunch.com
techcrunch.com
Did Balanced ever respond? The comments here about the founders are quite opposite.
Gem of a discussion on that thread apart from the scathing attack.
Congrats guys! We're definitely looking forward to moving to Balanced.
There's three main things marketplaces have expressed that they like about Balanced: 1. Compliance. This includes PCI and the ability to underwrite merchants through the API 2. Payouts. Depositing money in a merchant's bank account the next business day and having full control over when you issue the deposit. With this launch, we made it easier for marketplaces to use us just for payouts—something we saw existing customers doing 3. Taxes. We handle the tax reporting for the merchants
There's no one else that provides any of the three above.
... and 2.9% = 30¢ when you successfully ....
This should be 2.9% + 30¢ I believe.
If we have enough interest on this feature, we'll reopen the issue and track its progress publicly:
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It seems like bitcoin could really complement this type of business: The escrow service would be very useful to people wishing to pay in bitcoin. And at the same time, Balanced could benefit from the significantly lower fees and zero risk of fraud that bitcoin payments offer.
https://github.com/balanced/balanced-api/issues
We use GitHub to track feature requests like international support: https://github.com/balanced/balanced-api/issues/23